My current view on the NASDAQ Index : SHORT / Sell
Target: 13,200 points
Stop : 14.400 points
The Nikkei Index is already down 1% tonight.
U.S. equity investors are increasingly moving to the options market to hedge against further declines on Wall Street. Demand for puts is increasing. This has become a trend among investors in recent months to provide greater protection against losses. The FED's restrictive position is making markets unsettled after years of double-digit gains.
Stocks trimmed their losses last month, but optimism weakened in April.
Overall, the SP500 is down 7% since the beginning of the year. The Cboe Volatility Index VIX , Wall Street's "fear barometer," was recently at 21 and has spent most of 2022 well above its historical average of 17.6.
Fund managers and banks believe the SP500 needs to fall to 3,600 points before the FED intervenes to support the markets. In addition, cash holdings among fund managers are currently at their highest level since April 2020!
Target: 13,200 points
Stop : 14.400 points
The Nikkei Index is already down 1% tonight.
U.S. equity investors are increasingly moving to the options market to hedge against further declines on Wall Street. Demand for puts is increasing. This has become a trend among investors in recent months to provide greater protection against losses. The FED's restrictive position is making markets unsettled after years of double-digit gains.
Stocks trimmed their losses last month, but optimism weakened in April.
Overall, the SP500 is down 7% since the beginning of the year. The Cboe Volatility Index VIX , Wall Street's "fear barometer," was recently at 21 and has spent most of 2022 well above its historical average of 17.6.
Fund managers and banks believe the SP500 needs to fall to 3,600 points before the FED intervenes to support the markets. In addition, cash holdings among fund managers are currently at their highest level since April 2020!